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If Total Liabilities Increased by ¥35,000 and Equity Increased by ¥10,000

Question 231

Multiple Choice

If total liabilities increased by ¥35,000 and equity increased by ¥10,000 during a period of time, then total assets must change by what amount and direction during that same period?


A) ¥45,000 decrease
B) ¥45,000 increase
C) ¥60,000 increase
D) ¥70,000 increase

Correct Answer:

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